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Daily Dairy Report

The Daily Dairy Report provides a one-page daily summary of the domestic and global dairy markets, prices, supply and demand fundamentals, and CME cash and futures dairy trading activity. In addition to analyzing the latest report and current market activity, Daily Dairy Report Analysts will connect the dots by explaining what information and data are important and why. Mary Ledman, one of the dairy industry’s most respected market commentators, is the editor of the Daily Dairy Report and is supported by market analysts Sara Dorland and Sarina Sharp and Karen Endres, Communications Specialist. (The report is an Adobe PDF file and requires Adobe Acrobat Reader to preview).

CME Group Spot Dairy Product Prices ($/lb.) September 28, 2016
	Final	Change	Trades	Bids	Offers
Butter	$1.9200	-1.50	1	1	0
Cheddar Block	$1.5375	+0.25	5	2	0
Cheddar Barrel	$1.4800	+2.00	13	1	0
Grade A NDM	$0.9525	NC	0	1	0

CME Group Spot Dairy Product Prices ($/lb.) September 30, 2016
	Mon.	Tues.	Wed.	Thurs.	Fri.	Current Avg.	Prior Week Avg.	Weekly Volume
Butter	$1.9750	$1.9350	$1.9200			$1.9433	$1.9835	2
Cheddar Block	$1.5450	$1.5350	$1.5375			$1.5392	$1.5785	18
Cheddar Barrel	$1.4800	$1.4600	$1.4800			$1.4733	$1.5025	26
Grade A NDM	$0.9450	$0.9525	$0.9525			$0.9500	$0.9244	1

CME Future Settlement Prices Week of September 30, 2016
	Mon.	Tues.	Wed.	Thurs.	Fri.
Class III (OCT) $/CWT	$15.34	$15.20	$15.27
Class IV (OCT) $/CWT	$14.80	$14.73	$14.62
Cheese (OCT) $/LB.	$1.6270	$1.6110	$1.6240
Dry Whey (OCT) $/LB.	$0.3305	$0.3303	$0.3303
NDM (OCT) $/LB.	$0.9675	$0.9750	$0.9650
Butter (OCT) $/LB.	$2.0300	$1.9800	$1.9803
Corn (DEC) $/BU.	$3.2900	$3.3175	$3.2925
Corn (MAR) $/BU.	$3.3900	$3.4175	$3.3900
Soybeans (NOV) $/BU.	$9.4525	$9.5250	$9.4550
Soybeans (JAN) $/BU.	$9.5150	$9.5875	$9.5200
Soybean Meal (DEC)$/TON	$297.60	$299.60	$299.40
Soybean Meal (JAN)$/TON	$298.50	$300.80	$300.50
Live Cattle (OCT) $/CWT	$106.825	$103.825	$103.475